US equities are broadly higher. Meanwhile, the precious metals are a little mixed, Gold -0.02%, with Silver +0.35%. The miner ETF of GDX is currently u/c at $31.30.
Weekly charts for perspective…
GLD
SLV
GDX
Summary
Gold/GLD: gold printed $1814… if cooling back, but at least holding above psy’ $1800. Soft target are the November $1879s.
Silver/SLV: silver printed $23.15, if cooling back to around $23.00. Things turn interesting >$25.50.
GDX: miners seeing minor chop… greatly lagging the main market.
notable miner: GOLD
A short/mid term mess until >$22s, and that looks out of range until at least Feb’.
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Equities: sp’60min
A new hist’ high, as s/t momentum continues to slowly weaken. Soft target for the bears would be key price threshold of around 4714. I don’t expect anything sustained <4700.